๐ฅPowell faces criminal investigation sparking market turbulence๐ฅ
$BTC ,
$ETH ,
$SEI Price volatility: Powell's criminal investigation triggers risk-off sentiment, gold surges past $4,600, BTC fluctuates around $92,000
#puppies Technical analysis: BTC long-short ratio rises to 3.43, RSI in neutral zone, key support level to watch at $90,000
Driving factors: DOJ investigation into Fed headquarters renovation project, market concerns over compromised central bank independence leading to global asset volatility
BTC currently trading at $91,886, down 0.27% over 24 hours; ETH at $3,128, down 1.03%, crypto market performance relatively sluggish
Surge in demand for safe-haven assets, spot gold price historically breaks above $4,600 per ounce, silver hits new high of $85 per ounce
Bitcoin spot ETF turns positive after four consecutive days of net outflows, recording $116.7 million in net inflows on January 12, indicating institutional funds seeking entry amid volatility
US stock futures decline amid the news, S&P 500 down approximately 0.7%, 10-year US Treasury yield climbs to around 4.2%
US Department of Justice formally launches criminal investigation into Federal Reserve Chair Powell, centering on a $2.5 billion headquarters renovation project and alleged false statements to Congress
Powell issued a strong statement on January 11, calling the investigation "an unprecedented political intimidation," and explicitly stated he will not resign before the end of his term in 2026
Former Fed Chairs Greenspan, Bernanke, and Yellen jointly issue statement warning that using criminal measures to interfere with monetary policy would severely undermine central bank independence
Market analysis suggests that if judicial actions become tools to influence policy, it could increase inflation risk premium and alter global investors' expectations regarding the stability of the US institutional framework [๐]
Smart money movements
BTC futures long-short ratio significantly rises to 3.43, indicating strong bullish sentiment among retail and some traders, but caution is advised against potential squeeze risks from high leverage
Long-side whales' average entry price around $91,995, currently slightly in loss; short-side whales' average entry at $89,790, facing substantial unrealized losses
On-chain data shows frequent large-scale fund movements, Coinbase Institutional records multiple transfers of 500-1,000 BTC
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